African monetary systems were characterized by the concurrent use of classical (metal) currencies and commodity currencies that fulfilled a variety of functions.
A central truth in economic and trading systems is that any given object has precisely the value assigned to it by any two or more people engaged in trading it - whether acquiring or selling that object is the purpose of the exchange or that object is itself a substitute for the desired product or good.
A central truth in economic and trading systems is that any given object has precisely the value assigned to it by any two or more people engaged in trading it - whether acquiring or selling that object is the purpose of the exchange or that object is itself a substitute for the desired product or good.